The Education Department is transferring its defaulted federal student loan portfolio to the Treasury Department under a March 2026 agreement. The Bureau of the Fiscal Service will manage these accounts through the Cross-Servicing Program, adding to its existing caseload. Officials are reportedly delaying the full restart of collections until after the November midterm elections. This handoff affects roughly 9.2 million borrowers who owe about $180 billion in defaulted loans.
Read the full story at debtdiscipline.com.
Photo: falco / Pixabay
